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calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy in ten thousand units of creditor currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door. and so give me ten percent of everything you have . unfortunately that would be very unpopular if you were to turn around and tell the american public oh guess what your taxes are not going up ten percent of what you currently pay they're going up by ten percent of your income and the tax on everything that you produce as a company is going up by ten percent of your production and yet that is essentially what's been going on now for the last four years and so when we look at why we haven't seen job growth and economic reco
calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy in ten thousand units of creditor currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door....
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Oct 3, 2012
10/12
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the whole business community will be talking about tax reform and the corporate income tax rate is crazy no matter your ideological view of the income-tax. it is crazy to be hurting american business when competing with businesses abroad. everything inspiring -- i do think the president will be in the strong position to shape the agenda which ever man is president. including the senate. and to stop the newly elected president or newly reelected president on core parts of the agenda. >> in all likelihood president obama will be reelected and if he is reelected than if there is a good likelihood that the senate will narrowly, narrowly state democratic is almost certain that the house will stay with the republican majority. these -- we just knew at the end of the day, the last hour the adults would get together and everybody would give some and workout. much more nervous now. these are very big stakes. the business community coming in hard saying you've got to step up and republicans got to make some compromises and democrats -- if you want jobs, you will do this. then there will be -- we w
the whole business community will be talking about tax reform and the corporate income tax rate is crazy no matter your ideological view of the income-tax. it is crazy to be hurting american business when competing with businesses abroad. everything inspiring -- i do think the president will be in the strong position to shape the agenda which ever man is president. including the senate. and to stop the newly elected president or newly reelected president on core parts of the agenda. >> in...
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Oct 5, 2012
10/12
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MSNBC
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but he has said before that he wants to cut taxes for all americans the basis of his tax plan is that he wants to cut taxes for everyone. that, to me, was the most stunning one liner of the night, actually. >> yeah, i think so. but i also think, dana, it also stunning that you would stand up there and act like americans can't do math. i mean, you can't have a plan and then when the plan equals $5 trillion, you can't say, that's not what i'm saying. i mean, it is absolutely insulting to the american people. if you believe in a plan, if you believe if your plan is workable and doable and better than the president's, say, that argue it, and let the voters vote. but don't turn around and act like we're crazy because we heard what you've been saying for the last 18 months. >> right. obama is now in a position to nail jello to the wall. you said that romney was lying on wednesday night. now, that's possible or it's possible he's now telling the truth and the others were lies. you can't have a tax cut of that size and not add to the deficit because there are not enough loopholes to close to
but he has said before that he wants to cut taxes for all americans the basis of his tax plan is that he wants to cut taxes for everyone. that, to me, was the most stunning one liner of the night, actually. >> yeah, i think so. but i also think, dana, it also stunning that you would stand up there and act like americans can't do math. i mean, you can't have a plan and then when the plan equals $5 trillion, you can't say, that's not what i'm saying. i mean, it is absolutely insulting to...
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Oct 8, 2012
10/12
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FOXNEWS
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in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't say, chris, which loopholes and which deductions. senator, i doubt seriously you would be if favor of doing away or cutting the home mortgage deduction for middle class americans. governor romney has not said what the plan is for paying for the $5 trillion in tax cuts just like he won't talk about what his tax returns have been or -- >> with all due reis spect, governor, first of all, governor romney made is clear in the debate and he was actually able to speak directly to the american people that he is not going to lower the burdening on up y
in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that...
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Oct 3, 2012
10/12
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we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few suggestions. >> you could say everybody is going to get up to a $17,000 deduction and use your charitable deduction or your home mortgage deduction or others, health care deduction and fill that bucket, the $17,000 bucket that way and higher income people might have a lower number or do it by the same method that bowles-simpson did it, limiting certain deductions, that's the sort of thing you do with congress. >> so there you go. that's the sort of thing he's talking about. romney's campaign emphasized after the interview those ideas are actually not part of his plan writing -- mark halperin, as you know, i'm an easily confused person
we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few...
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Sep 30, 2012
09/12
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bush talked about taxes. he didn't tell you he vetoed a middle class tax cut and vetoed an investment tafmg credit paid for by raising taxes on the wealthy. >> all right. we go to mr. perot for a two-minute question, and asked by john may can sheck. >> mr. perot, you asked about sharing the pain. as part of plan to reduce the federal deficit, you suggested we raise gasoline taxes 50 cents a gallon over the next five years. why punish the middle class to such a degree? >> it gets to 50 cents at the end of the fifth year. i think "punish" is the wrong word. again, i didn't create this problem. we a trying to solve it. if you study our international competitors, clengts up to $3.50 in taxes and use that mon to create jobs and build infrastructure. we collect 35 skhrentss and we don't have it to spend. i noi it's not popular, and i understand the nature of ur question, but the people who will be helped the most by it are the working people who will get the jobs created because of this why do we have to do it? kpw
bush talked about taxes. he didn't tell you he vetoed a middle class tax cut and vetoed an investment tafmg credit paid for by raising taxes on the wealthy. >> all right. we go to mr. perot for a two-minute question, and asked by john may can sheck. >> mr. perot, you asked about sharing the pain. as part of plan to reduce the federal deficit, you suggested we raise gasoline taxes 50 cents a gallon over the next five years. why punish the middle class to such a degree? >> it...
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Oct 4, 2012
10/12
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then you have harry reid and nancy pelosi that want to do nothing but tax tax tax to give the handout. >>guest: thain q for your call. with the youth vote to there is the wide range of ideology including his views and those who agree with him. as people are stereotyped we need to push back because not just the millennials are the most diverse but they are in a lot of different ways but in terms of education. 40% to not have college experience. we really discount to the voice of young people but to build line it is a situation how to bring people into the process. where the republican party could have a long term period -- future for those who think like them. we are seeing interesting things the way the republican party reaches out but maybe they need to think more deeply about the future. >>host: ron paul had the overwhelming use both they were alienated the way they treated dr. paul. what do you make of that vote to? >>guest: what we saw with the republican primary was low youth voter turnout. those who affiliate with conservative values there was not to a great deal of participatio
then you have harry reid and nancy pelosi that want to do nothing but tax tax tax to give the handout. >>guest: thain q for your call. with the youth vote to there is the wide range of ideology including his views and those who agree with him. as people are stereotyped we need to push back because not just the millennials are the most diverse but they are in a lot of different ways but in terms of education. 40% to not have college experience. we really discount to the voice of young...
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Sep 30, 2012
09/12
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bush talked about taxes. he didn't tell you that he vetoed a middle class tax cut because it would be paid for by raising taxes on the wealthy and vetoed an investment tax credit paid for by raising taxes on the wealthy. >> all right. we go now to mr. perot for a two-minute question, and it will be asked by john mashek. >> mr perot, you talked about fairness just a minute ago and sharing the pain. as part of your plan to reduce the ballooning federal deficit, you've suggested that we raise gasoline taxes 50 cents a gallon over five years. why punish the middle class consumer to such a degree? >> it's 10 cents a year cumulative. it finally gets to 50 cents at the end of the 5th year. i think "punish" is the wrong word. again, see, i didn't create this problem. we're trying to solve it. now, if you study our international competitors, some of our international competitors collect up to $3.50 a gallon in taxes, and they use that money to build infrastructure and to create jobs. we collect 35 cents, and we don't
bush talked about taxes. he didn't tell you that he vetoed a middle class tax cut because it would be paid for by raising taxes on the wealthy and vetoed an investment tax credit paid for by raising taxes on the wealthy. >> all right. we go now to mr. perot for a two-minute question, and it will be asked by john mashek. >> mr perot, you talked about fairness just a minute ago and sharing the pain. as part of your plan to reduce the ballooning federal deficit, you've suggested that...
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Oct 6, 2012
10/12
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>> he said for everybody, across the board. >> on top of the bush tax cuts? >> president obama during the debate said he is the one who is going to raise taxes by letting the bush tax cuts expire. >> but we just played two things back to back that do not match. >> look, he said all look, 20% across the board. i think there were two different things he was speaking about there. he has a very pro-growth policy. he has a policy to create 12 million jobs. >> so are you saying he misspoke in one of those? >> i'm not going to get into whether he misspoke or not -- what i know is he has said all along, 20% across the board for everybody, and that means everybody. to what specifically he was speaking there, i'm not exactly sure. but it's a clear choice what you have. we don't need to get caught up on the back and forth. he is going to put forward pro-growth jobs. and 7.8% is an anemic recovery. that is nothing to celebrate. i remember when president bush was criticized by president obama when i worked for him -- >> but for the past four years, republican have said sa
>> he said for everybody, across the board. >> on top of the bush tax cuts? >> president obama during the debate said he is the one who is going to raise taxes by letting the bush tax cuts expire. >> but we just played two things back to back that do not match. >> look, he said all look, 20% across the board. i think there were two different things he was speaking about there. he has a very pro-growth policy. he has a policy to create 12 million jobs. >> so...
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Oct 1, 2012
10/12
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the concept of automatically register in every one just as everyone we have to serve on a jury or pay taxes, very comfortable with that. one reason i'm incredibly comfortable with that is that in the 2018 election by think it was, 70 million people didn't vote and 80% of those people were unregistered seÓul registration is one of the biggest barriers to voting. also when we talk about things like purging people from voting rooms and about the provision about what's not being counted and people not being on the rule, a lot of that is directly related to the registration problem. so very comfortable with a voter registration. in terms of the mandatory voting its its local question and i think other countries do have mandatory voting just like the jury service or some people have to serve in the military in the compulsory service. one problem with it is i think we have a culture of liberty here in this country. so if we have mandatory voting i certainly think we would want to have a none of the above option so that people could exercise it. politically though we don't know if it is realistic.
the concept of automatically register in every one just as everyone we have to serve on a jury or pay taxes, very comfortable with that. one reason i'm incredibly comfortable with that is that in the 2018 election by think it was, 70 million people didn't vote and 80% of those people were unregistered seÓul registration is one of the biggest barriers to voting. also when we talk about things like purging people from voting rooms and about the provision about what's not being counted and people...
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Oct 5, 2012
10/12
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MSNBC
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they were called somebody else's tax cuts probably less likely to be raised. >> some other body's tax cuts. we'll examine how romney may have found his inner "w" ahead on now. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. [ male announcer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance -- taking care of your family's future expenses if something happens to you. it's easy. we get to know you and your needs, then give you our best quote and our competitors'. you choose and save up to 70%. that could mean $250,000 of coverage for just $15 a month. we offer plans with no medical exam, and we've been in business for over 100 years.
they were called somebody else's tax cuts probably less likely to be raised. >> some other body's tax cuts. we'll examine how romney may have found his inner "w" ahead on now. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. [ male announcer ] you start your day... love...
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Oct 7, 2012
10/12
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WBFF
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the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our deficit... >> chris: if i may, sir, you are talking about half the planet like talking about obama's jobs plan, the entire plan is to give more money to teachers and, that is not obama's plans and similarly you are mischaracterizing the romney plan, saying, it is -- you are right, $5 trillion by lowering the tax rate but he talks about cutting loopholes... >> oh, chris, which loopholes and which deductions? senator, i doubt seriously you would be in favor of doing away or cutting the home mortgage deduction, for middle class americans. i mean, governor romney has not said what the secret plan is for
the governor -- former governor romney is proposing a 20% cut to income taxes, including income taxes for the wealthiest of americans. and, i believe a 30% cut for corporate income taxes, including big all, socking all of us at the pump, right now and any economist may debate whether it adds up to $4.9 trillion or $5 trillion and the fact of the matter. >> clayton: in this debate we saw big bird meet the big lie. those tax cuts, there are costs to those tax cuts, the biggest driver to our...
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Oct 5, 2012
10/12
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MSNBCW
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eye 147
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they were called somebody else's tax cuts probably less likely to be raised. >> some other body's tax cuts. we'll examine how romney may have found his inner "w" ahead on now. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. you paid...wow. hmmm. let's see if walmart can help you find the same look for less. okay. we'll examine how romney may di rockstar! really? yeah. oh, wow! oh, black frame looks good on you. yeah? you can get a complete pair starting at just -- $38. really?! and did you know that our glasses come with a free 12-month replacement guarantee? i didn't know walmart had all this. the price is impressive, the quality is too! come to walmart and see for yourself. find quality eyewear brands starting at just $38. only at walmart. what are they fitting, aliens? >>> the mitt romney machine is running on a 17-day delay. two weeks ago a video featuring these comments too
they were called somebody else's tax cuts probably less likely to be raised. >> some other body's tax cuts. we'll examine how romney may have found his inner "w" ahead on now. [ male announcer ] when these come together, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. you paid...wow. hmmm. let's see if walmart can...
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Oct 4, 2012
10/12
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FOXNEWS
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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Oct 7, 2012
10/12
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>> they reported federal taxes, state and local taxes. it gives people a fairer picture. that year i happened to pay a lot of state and local taxes, which, as you know, are deducted from the other. i looked it up the other day, and we paid, i think it's 342% of our gross income in taxes. s >> we did a little looking around to see about his. we can't find his 1981 tax return. it may have been released. maybe my bonet knows whether he released it. we did find his income is $1.4 million, and i think he paid the same as i did in taxes. he also made a reference that troubled me very much. he started talking about my chauffeur. you know, i'm driven to work by the secret service. so is mrs. ferraro, so is mr. mondale's. they saved the life of the president of the united states. i thought that was a cheap shot telling the american people to try to divide class, rich and poor. but the big question, it isn't whether mrs. ferraro is doing well. i think they are depog pretty well. i know barbara and i are doing well. and it is darn sure mr. mondale is doing well with $1.4 million. bu
>> they reported federal taxes, state and local taxes. it gives people a fairer picture. that year i happened to pay a lot of state and local taxes, which, as you know, are deducted from the other. i looked it up the other day, and we paid, i think it's 342% of our gross income in taxes. s >> we did a little looking around to see about his. we can't find his 1981 tax return. it may have been released. maybe my bonet knows whether he released it. we did find his income is $1.4...
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Sep 30, 2012
09/12
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we're going to do it by giving tax breaks to companies that bring tax breaks back to america, not companies that take factories out of america. we are going to continue to knock down those barriers that exist around the world saying no american goods here. we are going to level the playing field. and guess what, folks, as i go around the world -- i have traveled over 600,000 miles since i have been vice president -- people are looking to buy the best products. and those products have "made in america" stamped on them. if we knock it down, they will buy it. [cheers and applause] we are going to cut our oil imports in half by 2020, produce more american-made energy from oil, natural gas, clean coal, biofuel. ladies and gentlemen, a lot of people do not understand this. i love to hear them talk about their energy policy -- which is drill, baby, drill. let me tell you something. you all realize there are more gas and oil rigs pumping today than all the rest of the rigs in the entire rest of the world. do you know that? that's a fact. that's why we are importing less than we have in decades. tha
we're going to do it by giving tax breaks to companies that bring tax breaks back to america, not companies that take factories out of america. we are going to continue to knock down those barriers that exist around the world saying no american goods here. we are going to level the playing field. and guess what, folks, as i go around the world -- i have traveled over 600,000 miles since i have been vice president -- people are looking to buy the best products. and those products have "made...
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Sep 30, 2012
09/12
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everybody who pays taxes ought to get tax relief. after my plan is in place, the wealthiest americans will pay a higher percentage of taxes then they do today, the poorest of americans, six million families, won't pay any tax at all. it's a huge difference. a difference between big exploding federal government that wants to think on your behalf and a plan that meets priorities and liberates working people to be able to make decisions on your own. >> let me just say, jim, you haven't heard the governor deny these numbers. he's called them phony and fuzzy. the fact remains almost 30% of his proposed tax cut goes to -- only to americans that make more than $1 million per year. more money goes to the -- can i have a rebuttal here? >> i want to see if he buys that. >> let me tell you what the facts are. the facts are after my plan, the wealthiest of americans pay more taxes of the percentage of the whole than they do today. secondly, if you're a family of four making $50,000 in massachusetts, you get a 50% tax cut. let me give you one exa
everybody who pays taxes ought to get tax relief. after my plan is in place, the wealthiest americans will pay a higher percentage of taxes then they do today, the poorest of americans, six million families, won't pay any tax at all. it's a huge difference. a difference between big exploding federal government that wants to think on your behalf and a plan that meets priorities and liberates working people to be able to make decisions on your own. >> let me just say, jim, you haven't heard...
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Oct 1, 2012
10/12
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CURRENT
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, $901,000 tax credit on foreign investments. >> us us. >> that he took. i want to know, there's four different countries, what was the income from that property and where is that declared? >> exactly right. i mean, i think you're correct you know, mitt romney's coming out now and his new message i'm not cutting taxes for the wealthy at all. you can't sign on to paul ryan's budget and say you don't want to cut taxes for the wealthy. >> exactly. >> that's a great question. do you think the president has got on edge here or he just needs to coast and not. >> up or do you think it's still an uphill battle for him? >> i'm sure it's going to be uphill because of the famous dumb white men. >> as a dumb white man i take offense to that. >> other than yourself, of course. >> thank you, thank you. >> apparently that's the only down poll for him. >> let's be fair, there's plenty of dumb white women out there as well. her man contain has changed all the rules, as well. i think you're right. let me ask you your opinion here. i think governor romney is a much better de
, $901,000 tax credit on foreign investments. >> us us. >> that he took. i want to know, there's four different countries, what was the income from that property and where is that declared? >> exactly right. i mean, i think you're correct you know, mitt romney's coming out now and his new message i'm not cutting taxes for the wealthy at all. you can't sign on to paul ryan's budget and say you don't want to cut taxes for the wealthy. >> exactly. >> that's a great...
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Sep 30, 2012
09/12
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CNN
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one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think there will be a little chicken game playing at the end of the year. what most people in washington likely think will happen is they'll negotiate some way to say here's a broad framework for what both sides want. let's work it out next year. >> sheila behr, i think americans are excited about the future. i'm glad people are feeling a little bit better about it, we all are. what has to happen so that a year if now we're not talking about the 9% versus the 1% and that there is some sense that banks are finally helping america move forward. >> it is your influence policies that jam the lens. the person they can get by lending into a still uncertain economy has. they can take
one where he will not extend the bush tax cuts for the wealthiest americans. so the fiscal cliff is going to be folded in some way into renegotiating the tax cuts and how they get extended. i think he'll say it's a no-go, i'm not going to extend the bush tax cuts, so either we can negotiate it now and these few remaining weeks before christmas, or we have see the government shut down. i think there will be a little chicken game playing at the end of the year. what most people in washington...
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Sep 30, 2012
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i don't have a plan to tax -- or increase taxes. i'm not going to increase taxes. i can understand why you are, mr. mondale, because as a senator you voted 16 times to increase taxes. now, i believe that our problem has not been that anybody in our country is undertaxed, it's that government is overfed. and i think that most of our people -- this is why we had a 25-percent tax cut across the board which maintained the same progressivity of our tax structure in the brackets on up. and, as a matter of fact, it just so happens that in the quirks of administering these taxes, those above $50,000 actually did not get quite as big a tax cut%age-wise as did those from 50,000 down. from 50,000 down, those people paid two-thirds of the taxes, and those people got two-thirds of the tax cut. now, the social security tax of '77 -- this indeed was a tax that hit people in the lower brackets the hardest. it had two features. it had several tax increases phased in over a period of time -- there are two more yet to come between now and 1989. at the same time every year, it increas
i don't have a plan to tax -- or increase taxes. i'm not going to increase taxes. i can understand why you are, mr. mondale, because as a senator you voted 16 times to increase taxes. now, i believe that our problem has not been that anybody in our country is undertaxed, it's that government is overfed. and i think that most of our people -- this is why we had a 25-percent tax cut across the board which maintained the same progressivity of our tax structure in the brackets on up. and, as a...
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Oct 6, 2012
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when you take that with state income tax and payroll tax and real-estate taxes and gasoline taxes, all together that means small business that are highly successful will end up giving more of what they have the government. that will kill jobs. i do not want to kill jobs. my priority is to create jobs, and i will do that with everything i can do. we can do better. we do not have to stay on the path we have been on. there was a report that came out this morning on job creation this last month. there were fewer new jobs created this month than last month. the unemployment rate has come down very slowly, but it has come down nonetheless. the reason it has come down this year is due to the fact that more and more people have just stopped looking for work. if you drop out of the workforce, give up and say i cannot go back to work, i will stay home, if you drop out altogether, you're no longer part of the statistics. it looks like unemployment is getting better, but if the same share of people were participating in the workforce today as on day the president got elected, unemployment would be
when you take that with state income tax and payroll tax and real-estate taxes and gasoline taxes, all together that means small business that are highly successful will end up giving more of what they have the government. that will kill jobs. i do not want to kill jobs. my priority is to create jobs, and i will do that with everything i can do. we can do better. we do not have to stay on the path we have been on. there was a report that came out this morning on job creation this last month....
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Oct 8, 2012
10/12
by
WBAL
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and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt
and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan....
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Oct 2, 2012
10/12
by
WMAR
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ten, 90% of households will see a tax hike averaging $3,500. economists are warning if congress drives off what is so-called the fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper practices through bear stearns, which jpmorgan chase acquired after it went bust. >>> american express is agreeing to refund $85 million to credit card customers. federal agencies say the company charged improper late fees and deceived credit card customers about old debts and new services. >>> there is a major recall from honda this morning. it affects 600,000 accords with v6 engines from 2003 to 2007. the power steering might come loose and leak fluid causing a fire. only one fire has been reported thus far. honda will replace the hoses for free but won't have replacement parts avai
ten, 90% of households will see a tax hike averaging $3,500. economists are warning if congress drives off what is so-called the fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper practices through...
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Oct 5, 2012
10/12
by
KQEH
tv
eye 238
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he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zero, i think, is wrong. and once you relax that assumption, then, all of a sudden, other things start to be possible. >> reporter: but it's hard to be sure about the impact of tax cuts on the economy, which is why the experts in congress and the treasury who are responsible for estimating the cost of tax changes generally ignore the impact of tax reforms on the entire economy. darren gersh, nbr, washington. >> susie: here on wall street, traders and investors were taking a fresh look at stock sectors today, assessing what a romney or obama win would mean for the markets. also a lot of talk about minutes from the latest fe
he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zero, i...
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Oct 3, 2012
10/12
by
MSNBC
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eye 154
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i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to do with you federal budget deficit up nine. dealing with china as an economic rival up eight. on the economy up three. changing business as usual in washington is dead even. if you are the obama campaign what concerns you the most here? the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong
i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to...
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because they've got fancy attorneys that pay very little income tax let's suppose after all i'm with you and he would argue that the dependence on reliance is not a good thing we want to help people get off that he's not saying abandon those people and it's actually not saying that more people know he's not he doesn't want to abandon the thirty percent he's saying that seventy percent right now are for that they don't want the american private and i'd like to like i would have been less really really i think everybody wants to marry the american dream that anybody actually going to say i want to know i'm smart to get in i have to change that there right but here's the problem he's not explaining it there is this is sort of this is fair politics this is the old from that one movie i forget the title of it but this is the old thing that what you should be afraid of and who's to blame for it and what they're doing is they're saying you know these people aren't paying enough you're paying more this these aren't solutions any distraction at this point the election for romney any time he's
because they've got fancy attorneys that pay very little income tax let's suppose after all i'm with you and he would argue that the dependence on reliance is not a good thing we want to help people get off that he's not saying abandon those people and it's actually not saying that more people know he's not he doesn't want to abandon the thirty percent he's saying that seventy percent right now are for that they don't want the american private and i'd like to like i would have been less really...
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Oct 6, 2012
10/12
by
MSNBC
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who pays taxes ought to get tax relief. a of my plan is in place the wealthiest americans will pay a higher percentage of taxes than they do today and the poorest of americans, 6 million families, 7 million people won't pay any tax at all. >> notice the slight of hands. the wealthiest americans will pay a higher percentage of taxes than they do today. not a higher percentage of their income in taxes since that would be an outright lie. very common bit of conservative bit of misdirection used to hide the distributional tax cuts they're proposing. for instance, even in herman cain's explicitly progressive world of a 9/9/9 flat tax, you can imagine the wealthiest households would still pay a majority of total income tax revenue. that doesn't reflect how progressive or fair the taxation system is. it reflects just how unequal incomes are. bush did it again in the next debate too. >> my plan is that the wealthy people pay 62% of the taxes today after which they pay 64%. this is a fair plan. you know why? because the tax code is
who pays taxes ought to get tax relief. a of my plan is in place the wealthiest americans will pay a higher percentage of taxes than they do today and the poorest of americans, 6 million families, 7 million people won't pay any tax at all. >> notice the slight of hands. the wealthiest americans will pay a higher percentage of taxes than they do today. not a higher percentage of their income in taxes since that would be an outright lie. very common bit of conservative bit of misdirection...
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205
Oct 3, 2012
10/12
by
CSPAN
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eye 205
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i had to look at every single tax available, a sales-tax and income-tax, you name it. i have done it. so did the lieutenant governor at the time. that is something the lieutenant governor of the time said was our responsibility. you would not know anything about it. what you do not do is do your job as a legislator, worried problems will come along later, to try to run a campaign. >> i do not blame you. >> went over and over again, there is nothing else to suggest. that is all you do. >> there is nothing else to suggest that. i am sorry, mr. sadler, i think you lied. i am sorry you want to attack me personally. and impugn my character. i do not intend to reciprocate. that is a misstatement. there's a sharp policy different between the policies you have advocated and are advocating. i also think -- >> let him finish, please. >> if you will stop him in a reasonable time -- he just goes on for 20 minutes. >> we only have two minutes left ear. we will try to wrap up. >> mr. cruz, if you are successful, you will be the junior senator for texas. as i have said before, there
i had to look at every single tax available, a sales-tax and income-tax, you name it. i have done it. so did the lieutenant governor at the time. that is something the lieutenant governor of the time said was our responsibility. you would not know anything about it. what you do not do is do your job as a legislator, worried problems will come along later, to try to run a campaign. >> i do not blame you. >> went over and over again, there is nothing else to suggest. that is all you...
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Sep 30, 2012
09/12
by
CSPAN
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here goes a message to donors, "barack obama is out again spending your tax dollars." two things about that. the fed is actually reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of previous quantitative easing, so it's the opposite of spending your tax dollars. the fed a legally independent and ran by a guy originally appointed by george w. bush. this is just so completely over the top that we decided to do a piece on that particular email. pretty much, these messages to true believers have to exceed what we have already the bonds before we pay attention to them. we are out of time. thank you all for your attention. thank you for your questions. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> monday, a citizen's guide to the 2012 presidential debate from the national communications association panel looking at the hours of the debates coming up next month. live coverage begins at 1:00 p.m. eastern on c-span. >> you established a third
here goes a message to donors, "barack obama is out again spending your tax dollars." two things about that. the fed is actually reducing the deficit and making huge profits returning record amounts of money to the treasury as a result of previous quantitative easing, so it's the opposite of spending your tax dollars. the fed a legally independent and ran by a guy originally appointed by george w. bush. this is just so completely over the top that we decided to do a piece on that...
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226
Oct 4, 2012
10/12
by
FOXNEWS
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eye 226
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i will not raise tax on middle income families. i'll lower taxes on middle income families. martha: by our count president obama mentioned the middle class 19 times, clearly a focus of every presidential election. let's talk about this. lanny davis joins me now. and jonah goldberg is the editor at large for the national review. welcome, jonah. lanny, you listened to all that. what do you think? >> i'm not very happy with the president's performance. i think he did poorly. i agree with him on substance. i think he got the better of the exchange regarding the facts and the policy. but for the obama campaign to put the spokesman on and i'm sure she is doing her best and not to admit he had a bad night and to say we ought to do fact check when the fact checkers have rated obama's ads with four pinocchios. the way to do this is to say look at governor romney. smile, be gracious. don't look down and take notes while a man is talking to you. it's as simple as admitting he had a bad night. but on policy and substance i'm still voting for him. i know she doesn't believe she was sayin
i will not raise tax on middle income families. i'll lower taxes on middle income families. martha: by our count president obama mentioned the middle class 19 times, clearly a focus of every presidential election. let's talk about this. lanny davis joins me now. and jonah goldberg is the editor at large for the national review. welcome, jonah. lanny, you listened to all that. what do you think? >> i'm not very happy with the president's performance. i think he did poorly. i agree with him...